ChinaCache International (CCIHY) Short Interest Ratio & Short Volume

The short interest ratio, also known as the "days to cover ratio", is calculated by dividing the number of shares of a stock sold short divided by its average trading volume. A short interest ratio ranging between 1 and 4 generally indicates strong positive sentiment about a stock and a lack of short sellers. A short interest ratio of 10 or greater indicates strong pessimism about a stock. CCIHY shares currently have a short interest ratio of 0.8. Learn More on ChinaCache International's short interest ratio.

ChinaCache International saw a drop in short interest in the month of January. As of January 29th, there was short interest totaling 497,000 shares, a drop of 1.7% from the previous total of 505,700 shares. Changes in short volume can be used to identify positive and negative investor sentiment. Investors that short sell a stock are betting that its price will decline in the future. An increase in short sale volume suggests bearish (negative) sentiment among investors. A decrease on short sale volume suggests bullish (positive) sentiment.

Here is how the short interest of companies in the industry of "business services" compare to ChinaCache International: Callan JMB Inc. (5.59%), Sparta Commercial Services, Inc. (0.01%), Top KingWin Ltd. (0.06%), SU Group Holdings Limited (0.37%), Yueda Digital Holding (3.13%), Baosheng Media Group Holdings Limited (4.70%), HeartCore Enterprises, Inc. (4.83%), Dreamland Limited (2.15%), CDT Environmental Technology Investment Holdings Limited (0.32%), Cre8 Enterprise Limited (0.44%),

As of the most recent reporting period, the following stocks had the largest short interest positions: GameStop Corp. ($6.96 billion), DuPont de Nemours, Inc. ($5.44 billion), Charter Communications, Inc. ($5.39 billion), Aon plc ($4.87 billion), Analog Devices, Inc. ($4.45 billion), Snap Inc. ($3.29 billion), Moderna, Inc. ($3.19 billion), The Clorox Company ($2.24 billion), Palantir Technologies Inc. ($2.18 billion), and Snowflake Inc. ($2.17 billion). View all of the most shorted stocks.

Short selling CCIHY is an investing strategy that aims to generate trading profit from ChinaCache International as its price is falling. CCIHY shares are trading down $0.00 today. To short a stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Short sellers are betting that a stock will decline in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the trader's profit.

A short squeeze for ChinaCache International occurs when it has a large amount of short interest and its stock appreciates in price. This forces short sellers to cover their short interest positions by buying actual shares of CCIHY, which in turn drives the price of the stock up even further.

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including CCIHY, twice per month. The most recent reporting period available is January, 29 2021.